FMA moves against Du Val Group on $20m fund
Financial Markets Authority is yet to announce any action against Du Val.
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Latest fromCommercial Construction
NZ's biggest builder celebrates 20,000th home
"We never set out to be the biggest home builder in New Zealand" - Grant Porteous.
Long list of creditors from failed Canterbury house builder
Creditor list names a number of state entities and national businesses.
'Industry has a serious problem': Building boss frustrated by disputes
Mediation and adjudication have almost become a necessity, says a building boss.
Another attempt to delay Waiheke marina development fails
"Everything the company is doing is in accordance with its resource consent" - developer.
Ten-year home leases? Build to rent pioneer proposal
Land availability and prices, rising construction costs, poor infrastructure are barriers
$1b Commercial Bay a year on: How is retail faring?
"My expectation is people will come from offshore and go, wow, you guys nailed it."
Building site with no Covid safety measures backflips after being refused delivery
"You can't do much without concrete" - Julien Leys, Building Industry Federation.
Apartment developer in strife: Lost $35m, owes another $17m
Apart from the $35m loss, West Village owes unsecured non-preferential creditors $17m.
Back on the tools: dawn karakia marks CRL resumption
Around 750 workers will be back on the tools today.
Construction firm 'delighted' to be back in Auckland's alert level 3
Tradies back on the tools after five-weeks of downtime that won't be recovered.
Auckland construction workforce back by Wednesday
'Quite a big loss of building materials and equipment due to theft' - Julien Leys.
Cambridge retirement village for 400 people wins consent
Site on the town's northern limits is now open pastureland
High-flyers: Crane numbers up 6% in Covid-defying expansion
Tāmaki Makaurau's building sector has been particularly strong in the past six months.
660% Drury fee rise gets council stamp, Kiwi Property disappointed
Proposed policy has met opposition from Kiwi and Auranga's Charles Ma.
Consumer NZ seeks probe on 'misleading' retirement village claims
"There's no guarantee you'll get a bed if you need it" - Jon Duffy, Consumer NZ.
Covid lockdown: Workers' pay might soon be cut, says building chief
Building businesses "may need to start reducing pay for workers in Auckland".
Too close to power? Vector, WorkSafe v developer
Either sink power cables into the ground or build a new power pole: solutions offered.
Airport to build 120-shop discount outlet centre
Experts see it as a good move for the airport to diversify.
Govt does u-turn on house-building products
Change follows an outcry from sector nationally and worry about access to products.
Ormiston Rise buyer vows to build all 727 homes
Buyers say homes they hoped would be finished by now have not been.
Photos: Inside billionaire Peter Thiel's planned lakefront resort
Rooftops are heavily planted so disappear into the area's outstanding natural beauty.
Freight costs up almost 100% in last 6 months
"True impact of price increases has not been felt by clients and property owners."
All-time record set for NZ house building consents
Records kept from a year before WWII, now at an all-time high.
Supermarket centre opens 3 weeks early to meet demand
Chain sent just under 3.5 million cartons of food/groceries to stores in last week.
Ormiston Rise 'new kind of neighbourhood' - has new owner
Work on construction only started in 2020 but building work stopped in May.
Construction delays: Supply hold-ups are industry's biggest issue
Construction sector facing very challenging times, with some operators "treading water".
Property valuations see retirement giant's net profit surge to $264m
"We have moved quickly to keep our residents and staff safe" - Scoullar
Pandemic doesn't faze developer of $35m Epsom apartments
"We'll get straight back into it as soon as we can" - Andrew Lamont on show suite.
Metlifecare makes $304.4m profit, new $150m village planned
Total assets of $4b are up from $3.5b, company developing four new sites
Construction sites grind to halt, billion-dollar projects on hold
Delays in construction projects can quickly become expensive.
Fletcher posts $669m net earnings, beats own guidance
Massive turnaround at giant builder, materials manufacturer and supplier
Analysts upbeat ahead of Fletcher Building's annual result
Fletcher Building is expected tomorrow to reaffirm its earnings guidance.
Apartment boom: New builds hit record in Auckland
There are enough to house the entire Queenstown population.